To recall, by 30th June, it is possible to submit project applications for the purchase of new equipment with a view to initiating the production and introduction of a new product in the framework of an open call “Application of green industry innovation and ICT products and technologies” for the Norwegian Financial Mechanism Programme “Business Development, Innovation and SMEs”.
Within the open call, support will be provided to enterprises registered in Latvia who correspond to the status of small (micro) or medium-sized enterprise. Enterprises may also attract a project partner, who may be any public or private legal entity established in the Kingdom of Norway or Republic of Latvia and who has the necessary competence to help apply new products.
The total available funding is EUR 8 495 389 where EUR 5 847 694,50 is dedicated to green industry innovation projects, while EUR 2 647 694,50 is dedicated to ICT projects.
The available grant amount for one project is between EUR 200 000 and EUR 600 000. The maximum aid intensity for small-sized enterprises shall be 55% of the eligible costs, while for the medium-sized enterprises the aid intensity shall be 45% of the eligible costs.
Detailed information about the Selection Regulation and submission documents of the open call of the Norwegian Financial Mechanism Programme is available on the website www.norwaygrants.lv in the “Business and Innovation” programme’s section “Project contests”.